Curve Finance [CRV] climbs up double digits, but is it enough for the DeFi token?
DeFi tokens, including Curve DAO Token [CRV], Uniswap [UNI], and 1INCH, were part of the cryptocurrencies that surged as of 29 July. In addition, none of the tokens gained as much as CRV throughout the uptick.
Like it did some days back, CRV hit as high as $1.56— a new monthly high. As of 29 July, CRV was up 14.89% as per CoinMarketCap. Other DeFi protocols also got good gains. UNI increased 5.16% to $8.68 while 1INCH hit 4.56%, increasing its market cap to $426 million.
CRV had proven to be the undisputable DeFi king. After outshining others in price movement, it remained on top in other aspects. According to Delphi Digital, Curve’s second version performed exceptionally over Uniwswap V3.
<p lang=«en» dir=«ltr» xml:lang=«en»>In 2022, @CurveFinance v2 quoted better execution prices than @Uniswap v3 for ~65% of all ETH/USDT transaction volume.On @arbitrum, Curve Tricrypto is dominating $ETH volumes with more than 83% of total market share.
What's happening, and are the DEX Wars heating up?
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